DraftKings CEO Jason Robins slammed a brand-new tax arrangement in President Donald Trump’s proposed megabill, calling it “very strange” and illogical. Robins questioned why bettors ought to pay earnings tax on money that isn’t real revenue.

– DraftKings CEO states Trump’s OBBBA does not make sense.

– The OBBBA avoids bettors from deducting 100% of their losses.

– DraftKings states it’s working with lawmakers to nix the provision.

“I do think it’s something that does not makes sense,” Robins told CNBC’s Jim Cramer. “If you can’t subtract all your losses, you know, how does that make sense that you pay income tax on something that’s not actually earnings.”

The arrangement, highlighted in the GOP’s One Big Beautiful Bill Act (OBBBA), would avoid gamblers from deducting 100% of their losses from their winnings, which was previously thought about basic practice. Under the brand-new guideline, only 90% of losses can be subtracted, meaning that even a break-even bettor still owes taxes.

Robins attributed the change to a budget reconciliation technicality called the Byrd guideline and included that DraftKings is working with legislators to reverse the provision.

Congress introduces FAIR BET Act to fight Trump bill

DraftKings isn’t alone in opposing Trump’s megabill. Nevada Congresswoman Dina Titus has introduced the FAIR BET Act to counter the controversial change in betting tax policy.

The new rule stimulated a reaction from market experts who argue the OBBBA unfairly burdens taxpayers and discourages transparent reporting. The FAIR BET Act, co-sponsored by Rep. Ro Khanna of California, seeks to restore the previous rule, which allows 100% of wagering losses to be subtracted from jackpots.

Titus condemned the betting tax provision, saying Senate Republicans inserted it without House authorization and that it might drive gamblers towards uncontrolled . Titus insists her bill guarantees fairness for all gamblers and promotes accountable wagering through legal operators.

DraftKings reports favorable Q2 incomes

DraftKings, meanwhile, reported its second-ever rewarding quarter as a public company, leading to a 7% dive in stock value in after-hours trading on Wednesday. The company published $1.51 billion in earnings for Q2 2025, surpassing analyst expectations of $1.43 billion.

Robins credited the business’s success to strong client engagement, effective acquisition strategies, and beneficial betting outcomes. He revealed optimism about the continued legalization of sports betting throughout the U.S., expecting significant markets, such as Texas and California, will be consisted of.

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